Originally Posted by Hal
(Post 10333233)
The OP (KrazyK) was laminating the perceived sudden drop in 996 prices. I think the operative word here is "sudden" and I tend to agree with him.
Porsche introduced a new model generation in the past 12 months as well so one would expect older generations make room for that also. |
Originally Posted by Hal
(Post 10333233)
The OP (KrazyK) was laminating the perceived sudden drop in 996 prices. I think the operative word here is "sudden" and I tend to agree with him.
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The OP (KrazyK) was laminating the perceived sudden drop in 996 prices. Those that continue to deny the 996 downward price spiral are just deluding themselves about ACV of the cars. I wish I would have waited for the Porsche bombshell of admitting the defect and I could have afforded a TT or a GT3, or one day a GT2. :evilgrin: |
Originally Posted by KrazyK
(Post 10333756)
I wish I would have waited for the Porsche bombshell of admitting the defect and I could have afforded a TT or a GT3, or one day a GT2. :evilgrin:
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Originally Posted by chsu74
(Post 10333297)
996 prices have been trading between $17 to $19K for the past year with a few outliers.
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Also just like the stock market, there's gonna be owners that panic from the lawsuit and sell off their cars thinking there maybe something "wrong" with their cars, further flooding the 996 used car market and increasing supply and lowering demand.
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Originally Posted by KrazyK
(Post 10326367)
You can use theirs at link below. You wil get an immediate value via emai. To turn things around on them, I have also used it to check the price of the cars they have listed. They seem like friendly folks. I almost bought an 05 CS from them.
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Originally Posted by Steve2112
(Post 10334030)
Black book estimate on my old 04 40th AE with 22k miles in mint condition is 14K-24K.
For example - here is a 40th Anniversary with 27k offered for sale at a Subaru dealership in CT. The list price for the car is $49k!!! Don't misunderstand, they are not going to get that much for the car. And all sorts of regional pricing comes in to play. Cars are more expensive in the Northeast and CA, cheaper in the Midwest, FL and TX. But I bet they get $38-40k - which is a whole lot more than the $24k high trade in number. http://billkolbsubaruinventory.vinma...spx?ID=2376599 Also remember that dealers can always get more for a car than a private seller. |
One only needs to look on Autotrader at the number of views the mid price and higher price cars have to see that they don't seem to sell for a very long time if at all.
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None of those cars are affected by the IMS problem. In fact, this news of the legal settlement is probably more likely to push the prices of those cars up rather than bring them down. For example - here is a 40th Anniversary with 27k offered for sale at a Subaru dealership in CT. The list price for the car is $49k!!! I predict it will be there for a LONG time at that price. You can easily pickup a TT for less. I bet you could look at this car in person and ask "Isnt this the car Porsche is recalling because the engines are deffective?" The price will drop about $15K. They will be lucky to get over $30K for this car. |
Originally Posted by KrazyK
(Post 10334271)
Capt Obv. , its called "guilt by association".
I predict it will be there for a LONG time at that price. You can easily pickup a TT for less. I bet you could look at this car in person and ask "Isnt this the car Porsche is recalling because the engines are deffective?" The price will drop about $15K. They will be luck to get over $30K for this car. |
No, I meant thats what a typical customer would say that heard about the legal action. The "AWD" 40th AE was not anywhere in the list.
All Wheel Drive, never get stuck again |
Nice thing about the turbo's - no worries on that darn IMS issue.
Mine is for sale - upgrade today! :-) |
I didn't buy my car as an investment. I know that they depreciate in value. I've just always found it interesting how some people like to make a case for just how quickly they seem to drop in value. I've spent time on a lot of car forums and I can't think of another where I've sensed pleasure(?) from a group of people when they talking about their car's depreciation. It's just strange.
Originally Posted by KrazyK
(Post 10334271)
I bet you could look at this car in person and ask "Isnt this the car Porsche is recalling because the engines are deffective?" The price will drop about $15K. They will be luck to get over $30K for this car.
-Eric |
Originally Posted by rpm's S2
(Post 10333846)
Perhaps for a '99 or '00 with higher miles... find me a decent '02-'04 with ~50k miles at that price and I'll buy it today. A friend bought a nice '02 with 40k and very few options last fall after a long search. He paid ~$25k. After all the cars he had looked at he was very happy with that price.
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